Metanor Resources Inc.
TSX VENTURE : MTO

Metanor Resources Inc.

November 07, 2013 15:10 ET

Metanor Intersects 12.2 g/t Over 10.4 m at Bachelor

VAL-D'OR, QUEBEC--(Marketwired - Nov. 7, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to release an update on the ongoing drilling program underway at its Bachelor project seeking to extend the known mineralized zones.

The drilling program completed since the publication of results in the August 22nd press release, targeted the « A, B, and E » zone.

The drilling completed from levels 11 and 12 toward the A and B zones identified new blocks of resources within 100 metres of our active workplaces.

Other drill holes from level 13 targeted the lower extension of the E zone where a drift on level 13 exposed a gold structure (see August 22nd press release). These recent drillings confirmed the continuity downward of this gold mineralization.

Additional drillings are planned to confirm the continuity upward.

The table below summarizes the significant intersections obtained in these structures in the last few weeks:

Hole From (m) To (m) Width (m)* Au Grade (g/T) Zone
11-12 59.3 62.6 3.3 7.5 B
11-13 64.7 66.2 1.5 3.7 B
69.3 72.2 2.9 3.8
11-14 70.6 73.6 3.0 3.7 B
11-15 83.7 84.0 0.3 5.4 B
11-25 62.4 63.5 1.1 14.9 B
11-26 61.9 64.1 2.2 8.8 B
11-27 61.7 67.3 5.6 7.1 B
11-28 60.3 61.3 1.0 12.6 B
12-181 41.3 41.7 0.4 9.9 B
12-182 47.8 50.0 2.2 5.3 B
12-183 43.4 43.5 0.2 58.5 (NC) B
51.5 (C)
12-184 49.3 52.1 2.8 5.0 B
57.0 57.3 0.3 15.0
12-185 66.4 67.1 0.7 9.7 B
12-186 63.3 63.7 0.4 14.9 B
12-193 104.8 105.3 0.5 13.9 A
108.2 108.8 0.6 21.0 P
12-195 88.5 88.8 0.3 18.4 A
12-200 93.3 94.3 1.0 4.2 A
12-201 95.9 97.6 1.7 24.9 A
12-203 93.6 94.0 0.4 7.2 A
13-98 59.0 69.4 10.4 12.2 E
13-99 15.3 17.2 1.9 11.9 E
13-100 22.0 24.2 2.2 11.3 E
14-32 113.9 118.3 4.4 6.3 P
14-33 16.8 17.4 0.6 4.4 E
14-34 24.5 27.5 3.0 4.3 E
30.2 31.9 1.7 6.8

* : Core length

The true width is approximately 50 to 75% of the core length obtained in diamond drill holes. The cut-off grade used in the analysis is 51.5 g/T or 1.5 oz Au. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.

Maps of the B Zone Longitudinal and Main Zone Longitudinal are available at the following link : http://media3.marketwire.com/docs/909987_figures.pdf

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.

Qualified Person

Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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